August 14, 2008
Community Bank in
Lexington, Tennessee today announced that Phillip Renfroe has been named President and Chief Executive Officer, succeeding Larry D. Wright, who will remain with the Bank as Chief Credit Officer.
Renfroe, 38, has served as Community Bank’s Executive Vice President since 2003, serving primarily as a commercial and consumer lender. Community Bank is the only locally owned and operated Bank in
Lexington , with two branches there and one branch in
Jackson, Tennessee .
"Phillip possesses an exceptional blend of business and leadership skills,” said Tim Roberts, Community Bank’s Board Chairman. "His selection was endorsed unanimously by our Board of Directors, and we are confident that he is the ideal person to sustain Community Bank's strong performance and lead the company into the next chapter of its history."
Commenting on his selection, Renfroe said:
"I am proud and excited to be an employee of Community Bank. I have the privilege of working every day with and for people that I truly enjoy being around. Our Board of Directors has a proven record of making good decisions and I am honored and deeply grateful that they have chosen me as President and CEO. I look forward to the challenges that banking presents and to becoming a greater part of the communities we serve"
Renfroe, a native of
Lexington , received his B.B.A. in Accounting from
Memphis
State
University in 1992. Prior to his employment at Community Bank, he was a lender for Union Planters in
Lexington for 5 years. He is a 2007 graduate of the
WestStar Leadership Program sponsored by UT Martin. He is married to Dachelle Reeves Renfroe, and they have two children, Jacob, 8, and Joel, 2. They are expecting a third child in December.
